OJSC "VMTP" increased net profit in 2.5 times RUR 479 mln in Jan-Sep 2008
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Net profit o OJSC "Vladivostok Sea Commercial Port" (VMTP) reached RUR 479.009 mln in January-September 2008, which in 2.5 times exceeds the figure of the similar period of 2007, the company informs. In the reported period revenue of VMTP reached RUR 1,529,133,000 (+73%, cost price increased by 82% to RUR 1,109,277,000, profit before taxation increased by 2.3 times to RUR 536.439 mln, profit on sales reached RUR 290.331 mln (56.7%).
The company noticed the growth of financial indicators is connected first of all with increase port’s throughput. In January-September 2008 the port handled 4,574,400 tons of cargoes (+38.6%).
OJSC "Vladivostok Sea Commercial Port" owns and manages the property complex of the sea port of Vladivostok, one of the largest sea ports in the Far of East Russia. Company’s equity capital is equal to RUR 176,731,311.3.